I heard on the grape vine 2 weeks ago that CNP was going to get their debt extention till end of April, then I heard today from the same very reliable source that it will be extended till September.
Glenn Rufrano will return on Friday, so fingers crossed on Monday there will be a great announcement that he will have found a bank in the US to help their debt situation.
They will/should be able to sell their Wholesale funds for roughly $2.5 billion. So that should see the company back up on its feet (in terms of share price hopefully).
Their share price target is to reach $1.08 with in the next 2-3 months.
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
